Economic Adviser

'Dow 36,000' Co-Author Says This Time, It'll Happen

With the Dow back to record highs, James K. Glassman, co-author of the most infamously wrong investment book of all time, 1999's "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market," has resurfaced to insist that he and Kevin Hassett weren't wrong, just ahead of their time.

Summers to Step Down as Obama's Economic Adviser

Lawrence Summers will step down from his role as President Obama's National Economic Council director and return to Harvard University after the midterm elections in November, according to reports.